Housing

Saving on Housing Costs by Renting Rather Than Buying

Traditional advice has always been to buy a home to “lock in” your housing costs.  Over the past 30 years inflation has increased rents considerably, and those that took out a mortgage did well as inflation eroded the cost of the money they borrowed.  We have discussed how alternatively you can choose to invest in diversified investments and rent a…

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Housing

Is Now a Good Time to Buy a House?

I have spent more time than I wish to admit thinking about how to determine if it is a good time to buy a house or not.  The economic ramifications for the rest of your life are quit large when buying a home.  Being able to buy at the bottom can be very beneficial, whereas the top can be costly. …

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Housing

Home Purchase Considerations – Renting to Buy Cash

Whether you want to buy or rent you need to determine how much of your money you want to spend on housing.  In most cases it can’t be $0 and obviously cannot be unlimited either. Where you live will determine the low end of what you can spend.  If the absolute minimal living conditions that you can tolerate rents for…

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Housing

Why You Should Buy The Worst Car and House

There are some things to consider in buying a car and a house.  For a car reliability and safety features are important considerations.  When buying a home being in the right location and near good schools usually is worth paying up for.  After the basics are met many people tend to spend extra for upgrades in each.  Just remember that…

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Housing

Tiny Houses are Only Worthwhile If You Own The Land

HGTV has been hitting it out of the park in recent years and has added many new shows to their lineup.  “Tiny House Hunters”, is just as the title suggests a show where people select between 3 different tiny homes / trailers to buy.  I really do enjoy watching the original “House Hunters,” but my main criticism is that they…

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Housing

Is Owning a Home Really Different Than Renting?

I have spent a lot of time thinking about and researching home ownership.  I initially thought that homeownership was always the best choice, then recently began to see the advantages of renting.  I can now say definitively that one is not better than the other.  Rather, at different times in cyclical economic conditions it can be advantageous to be in…

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